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Now or never

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Posts posted by Now or never

  1. I'm currently renting and have been for some time as a result of HPI and not resulting to ridiculous monthly mortgage payments for a bedsit on a once used refuse disposal site. But now we are at last going to experiance the long awaited decline/slump/crash, will my rent reflect relatively?

    I hear stories about people selling and now letting to buy and FTBs now holding that first purchase, does this all mean that the letting market will be in higher demand and therfore not be affected by the HPC?

    Common sense would tell you that rent must be relative regardless of demand, or am I getting caught up in the hype?

  2. The widescale drops are not being reported are they?

    I say six months minimum to a major life shift for most UK sheeple.

    I agree with you, but the fact the widescale drops are not being reported doesn't mean they're are not being experienced 1st hand or heard through the grape vine. The fact that stories are being reported relating to a downward turn is enough for the sheeple, remember, its not just house prices but everything relating to the cost of living that's getting evermore gloomy coverage on the beeb. I reckon your six month minimu prediction is four months too long.

  3. Three flats (Victorian conversions) are up for sale on my road in South East London. One has gone to 'sold' status on the agents board but the other two had been sticking at 'sale agreed' for at least a month. In passing I mentioned to my fiancée that I reckoned at least one of the 'sale agreed' properties would become available again.

    Imagine my surprise when this happened the very same week for one of the properties (I think it had been 'sale agreed' for about three or four weeks).

    This is either because:

    a) First or second time buyers are becoming wary that a 2 bed flat in South East London that is not near a tube line (albeit is one of the better areas) is not worth £350k

    B) The person who made the offer can't sell an existing property because a first time buyer has pulled out

    Round here I think we will realistically see properties drop by 20% so a good 2 bed is £280k.

    I've also noticed that sold signs are not only being replaced with for sale boards, but additional EAs boards have been erected!

  4. Im noticing the old "i've bought for the longer term" statement alot more.

    Interesting times.....but I do think we are 3/4 months away from your average Joe appreciating the depths of the credit crunch.

    I can't believe how thick some people really are, a couple fo weeks ago when all the mortgage deals were taken off the shelf I can remeber watching the news with this couple complaining that they can no longer buy the house they wanted on their joint income because the mortgage was no longer available. These are the stupid c***s who are delaying the crash, haven't got two brain cells to rub together to actually realise this is happening to everyone and that they wont need the f***** huge debt in the first place!

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